MARA Holdings buys 1,000 Bitcoin for $66.7M

Shares of MARA Holdings, a major publicly traded Bitcoin mining company, rose on Tuesday following reports that the firm purchased 1,000 Bitcoin, valued at approximately $66.7 million, through the institutional trading platform FalconX. The reported acquisition, identified by on-chain analytics provider Lookonchain, marks a notable shift after the company engaged in substantial sales of the cryptocurrency earlier this year.

The purchase, which has not been officially confirmed by the company, suggests an average price near $66,700 per Bitcoin. It comes after MARA sold approximately 20,880 Bitcoin during the first quarter of 2026, generating roughly $1.5 billion at an average price of $70,137 per coin. The bulk of those sales, totaling 15,133 Bitcoin for about $1.1 billion, occurred between March 4 and March 25.

Proceeds from the first-quarter sales were directed toward a $1 billion privately negotiated repurchase of the company’s convertible senior notes due in 2030 and 2031. Chairman and CEO Fred Thiel stated the objective was to reduce debt and avoid future shareholder dilution, a move the company said generated approximately $88.1 million in cash savings before transaction costs.